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2017 (1) TMI 407 - AT - CustomsQuantum of redemption fine - against the profit margin of ₹ 25.02 lakhs redemption fine imposed only to the tune of ₹ 4 lakhs - is the quantum of fine is very low or is the quantum justified? - Held that: - the Commissioner has admitted that there is a margin of profit available to the importer is ₹ 25.02 lakhs and also held that the same should be wiped out, accordingly he imposed the penalty of ₹ 21 lakhs and redemption fine of ₹ 4 lakhs. I observed from the grounds of appeal that the Revenue has not questioned the penalty of ₹ 21 lakhs imposed by the Commissioner. Therefore the Commissioner has given a proper justification for imposing ₹ 4 lakhs redemption fine as well as the penalty of ₹ 21 lakhs - fine justified - appeal disposed off - decided against Revenue.
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